Resort, Leisure & Timeshare

Island One, Inc.

Western Reserve acted as financial advisor to Island One, Inc. in its reorganization by Timeshare Acquisitions LLC.

Island One, based in Orlando, Florida, is one of the largest privately-held timeshare developers in the U.S. At the time of the transaction, the company had grown from a single site to an organization that had acquired, developed and re-developed nine properties in Florida and the U.S. Virgin Islands. Island One’s affiliate, Club Navigo, allowed customers to gain access to a larger network of 29 affiliate resorts.

Initially engaged in 2009, Western Reserve represented Island One in a pre-bankruptcy recapitalization process and eventually a Chapter 11 bankruptcy case. During bankruptcy, Western Reserve executed both a bankruptcy recapitalization process and a fee for service sale process, producing the chosen reorganization partner, Timeshare Acquisitions LLC. Timeshare Acquisitions LLC is a holding company owned and formed by a hedge fund to acquire the reorganized equity interest in Island One. Western Reserve collaborated with the existing creditors and the reorganization partner to develop an innovative solution that was satisfactory to the bankruptcy court. Island One retained operation of its eight resorts in Florida and divested of certain other inventory and assets, and the company’s executive team remained intact.

Deborah Linden, Board Co-Chair of Island One, said, “Western Reserve was instrumental in finding and maintaining the interest of a capital partner that understands the industry and can integrate and implement our growth strategy. For the past 20 months, the team has provided great service and advice, helping our company to arrive at the best possible outcome for all vested parties. We are now financially and structurally well-positioned to capitalize upon a very deliberate strategy for growth.”

. . .

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.The testimonials are not paid and are not indicative of future performance or success.

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Westgate Resorts LLC

Resort, Leisure & Timeshare

Largest private timeshare developer in the U.S.

$160 million securitization of timeshare notes

Westgate Resorts LLC

Resort, Leisure & Timeshare

Largest private timeshare developer in the U.S.

$20 million bridge facility

Westgate Resorts LLC

Resort, Leisure & Timeshare

Largest private timeshare developer in the U.S.

$32 million securitization of timeshare notes

Westgate Resorts LLC

Resort, Leisure & Timeshare

Largest private timeshare developer in the U.S.

$27 million securitization of timeshare notes

Westgate Resorts LLC

Resort, Leisure & Timeshare

Largest private timeshare developer in the U.S.

$33 million securitization of timeshare notes

Westgate Resorts LLC

Resort, Leisure & Timeshare

Largest private timeshare developer in the U.S.

$50 million securitization of timeshare notes

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WESTERN RESERVE PARTNERS, a division of Citizens Capital Markets, Inc., provides M&A, capital raising and other financial advisory services to middle market companies across a focused set of industry verticals. We deliver thoughtful advice, keen market insight and superior execution to our clients, both nationally and internationally, and our managing directors average nearly 30 years of experience and have directly executed more than 600 transactions throughout their careers.

Western Reserve Partners is a part of Citizens Financial Group, one of the oldest and largest financial institutions in the U.S. Also, as a member of Oaklins, the world’s most experienced mid-market M&A advisory organization, Western Reserve Partners has unparalleled access to global companies and investors.